Hindustan Foods
Hindustan Foods
FMCGKey Fundamentals
MicrocapDiversified FMCGFMCGTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has delivered good profit growth of 34.6% CAGR over last 5 years
Weaknesses
3- Stock is trading at 6.34 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last 3 years: -3.01%
Growth Rate
AI Analysis — Bull vs Bear
Hindustan Foods Ltd is a ₹6,554 Cr market cap contract manufacturer in the FMCG space trading at a PE of 44.9x and 5.74x book value. The company has delivered strong compounded profit growth of 29% over 3 years and 35% over 5 years, with TTM sales growth of 19%, but pays no dividend and has seen promoter holding decline by 3.54% over the last 3 years.
- Strong 5-year compounded profit CAGR of 35%, significantly outpacing most FMCG peers
- TTM sales growth of 19% indicates continued revenue momentum in the contract manufacturing model
- 3-year compounded sales CAGR of 18% demonstrates consistent top-line expansion
- 5-year compounded sales CAGR of 25% reflects sustained demand from FMCG principals
- Consistent ROE of 15-16% over 3 and 5 year periods shows stable return generation on equity
- TTM profit growth of 42% suggests improving operating leverage and margin expansion
- 10-year stock CAGR of 40% reflects long-term wealth creation track record
- Asset-light contract manufacturing model serves multiple large FMCG companies, reducing single-client dependency
- PE of 44.9x is elevated for a contract manufacturer with limited pricing power versus branded FMCG companies
- Stock trades at 5.74x book value despite being a manufacturing-oriented business with thin margins
- Zero dividend yield despite reporting repeated profits indicates no capital return to shareholders
- Promoter holding has decreased by 3.54% over 3 years, signaling potential lack of promoter confidence
- 1-year stock CAGR of only 2% and 3-year CAGR of 0% show prolonged price stagnation despite profit growth
- 5-year stock CAGR of just 7% versus 35% profit CAGR suggests significant PE de-rating has already occurred
- Debt-to-equity and EPS data are unavailable, limiting visibility into balance sheet health and per-share earnings
- As a contract manufacturer, margins and volumes are dependent on decisions of principal FMCG companies, limiting autonomy
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Investor meet July 3 Mumbai Jun 29
Hindustan Foods will hold an investor conference in Mumbai on July 3, 2026, focusing on publicly available information.
- Analyst meet June 23 Jun 18
Hindustan Foods scheduled an analyst and institutional investor meet on June 23, 2026, held virtually or in-person in Mumbai.
TL;DR: No material positive or negative developments reported for Hindustan Foods in the recent period. The company is maintaining routine investor engagement through scheduled analyst and investor meets. With only neutral corporate communication events on the calendar, there is no clear directional signal for the stock in the near term.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 619 | 675 | 729 | 731 | 868 | 883 | 880 | 959 | 1,019 | 1,039 | 1,044 | 1,117 | 1,201 |
| Expenses | 569 | 621 | 672 | 670 | 795 | 813 | 806 | 880 | 938 | 953 | 949 | 1,017 | 1,101 |
| Operating Profit | 50 | 54 | 57 | 61 | 73 | 70 | 73 | 78 | 81 | 86 | 95 | 100 | 100 |
| OPM % | 8% | 8% | 8% | 8% | 8% | 8% | 8% | 8% | 8% | 8% | 9% | 9% | 8% |
| Other Income | 1 | 2 | 1 | 3 | 3 | 3 | 6 | 3 | 3 | 4 | -2 | 3 | 6 |
| Interest | 11 | 13 | 15 | 18 | 20 | 21 | 20 | 20 | 20 | 20 | 19 | 23 | 23 |
| Depreciation | 11 | 12 | 14 | 18 | 20 | 20 | 20 | 20 | 21 | 22 | 23 | 23 | 26 |
| PBT | 29 | 31 | 29 | 28 | 36 | 32 | 39 | 42 | 43 | 47 | 51 | 57 | 57 |
| Tax % | 21% | 21% | 24% | 17% | 25% | 28% | 27% | 24% | 25% | 26% | 23% | 27% | 24% |
| Net Profit | 23 | 25 | 22 | 23 | 27 | 23 | 29 | 32 | 32 | 35 | 39 | 42 | 43 |
| EPS in Rs | 2.07 | 2.19 | 1.95 | 2 | 2.38 | 2 | 2.44 | 2.69 | 2.7 | 2.95 | 3.24 | 3.48 | 3.53 |
Profit & Loss
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 492 | 772 | 1,386 | 2,040 | 2,598 | 2,755 | 3,639 | 4,251 | 4,400 |
| Expenses | 459 | 717 | 1,305 | 1,927 | 2,425 | 2,533 | 3,339 | 3,888 | 4,020 |
| Operating Profit | 33 | 55 | 81 | 113 | 173 | 222 | 300 | 363 | 380 |
| OPM % | 7% | 7% | 6% | 6% | 7% | 8% | 8% | 9% | 9% |
| Other Income | 1 | 1 | 3 | 4 | 5 | 7 | 17 | 9 | 12 |
| Interest | 8 | 11 | 19 | 20 | 36 | 57 | 81 | 83 | 85 |
| Depreciation | 7 | 11 | 17 | 25 | 37 | 55 | 80 | 90 | 95 |
| PBT | 18 | 34 | 48 | 71 | 104 | 117 | 155 | 200 | 212 |
| Tax % | 35% | 35% | 28% | 38% | 32% | 21% | 26% | 25% | — |
| Net Profit | 12 | 22 | 34 | 45 | 71 | 93 | 115 | 149 | 158 |
| EPS in Rs | 1.76 | 2.07 | 3.25 | 3.96 | 6.31 | 8.12 | 9.81 | 12.47 | 13.2 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 21 | 21 | 23 | 23 | 23 | 24 | 24 |
| Reserves | 51 | 165 | 199 | 281 | 352 | 623 | 897 | 1,141 |
| Borrowings | 100 | 165 | 218 | 350 | 516 | 727 | 896 | 1,088 |
| Other Liabilities | 102 | 188 | 256 | 331 | 445 | 552 | 727 | 913 |
| Total Liabilities | 266 | 539 | 694 | 984 | 1,335 | 1,924 | 2,544 | 3,166 |
| Fixed Assets | 133 | 250 | 271 | 427 | 554 | 908 | 1,041 | 1,302 |
| CWIP | 0 | 26 | 53 | 87 | 125 | 9 | 120 | 150 |
| Investments | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 5 |
| Other Assets | 133 | 261 | 370 | 470 | 656 | 1,007 | 1,383 | 1,709 |
| Total Assets | 266 | 539 | 694 | 984 | 1,335 | 1,924 | 2,544 | 3,166 |
Cash Flow
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | -5 | 17 | 74 | 36 | 99 | 87 | 118 | 100 |
| Investing | -40 | -145 | -92 | -139 | -220 | -381 | -291 | -339 |
| Financing | 43 | 153 | 34 | 91 | 128 | 298 | 209 | 196 |
| Net Cash Flow | -2 | 24 | 16 | -12 | 7 | 3 | 37 | -44 |
| Free Cash Flow | -46 | -111 | -5 | -104 | -65 | -46 | -118 | -225 |
| CFO/OP | -2 | 45 | 111 | 58 | 69 | 46 | 48 | 40 |
Ratios
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 32 | 18 | 13 | 13 | 15 | 23 | 21 | 22 |
| Inventory Days | 54 | 74 | 58 | 56 | 68 | 98 | 122 | 131 |
| Days Payable | 84 | 94 | 74 | 64 | 69 | 85 | 87 | 86 |
| Cash Conversion Cycle | 2 | -2 | -2 | 5 | 14 | 37 | 56 | 68 |
| Working Capital Days | -8 | 7 | 5 | 4 | 6 | 17 | 31 | 36 |
| ROCE % | — | 17% | 17% | 17% | 18% | 15% | 14% | 14% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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64 extracted metrics + investor summaries across FY10–FY27.
Documents
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Company Information
Hindustan Foods Limited is an India-based company, which is engaged in contract manufacturing of various FMCG products including food, home care, personal care, beverages etc. They also do manufacturing of leather shoes and accessories
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